Latest news with #clean technology
ABC News
4 days ago
- Business
- ABC News
China has reasons beyond the climate to turn into the world's first electrostate
The superpower is dominating the global clean technology sector. It's not all about climate change. 中文版 In April this year, China installed more solar power than Australia has in all its history. In one month. This isn't a story about Australia's poor track record on solar either, Australia is a global leader. Rather, this shows the astonishing rate at which China is embracing renewable technologies across every aspect of its society. But don't be mistaken by thinking this transformation is driven by a moral obligation to act on climate change. China's reasons for this are less about arresting rising temperatures than its desire to stop relying on imported fossil fuels and to fix the pollution caused by them. The superpower has put its economic might and willpower behind renewable technologies, and by doing so, is accelerating the end of the fossil fuel era and bringing about the age of the electro-state. "The whole modern industrial economy is built around fossil fuels. Now the whole world is moving away from that and that means that we are rebuilding our economy around emerging clean tech sectors," said Muyi Yang, the lead China analyst at energy thinktank, Ember. "Once the new direction is set, the momentum will become self-sustaining. It will make reversal impossible. I think China now has set its direction towards a clean energy future. "Can you imagine that the Chinese government will say that, oh, we will go back to fossil car, not the electric cars? That won't happen. That's not possible … this momentum is becoming so strong." Maintenance work on wind turbines at a wind farm on East Lvhua Island in Zhoushan, Zhejiang Province. ( Getty Images: VCG ) The beginning of the end of fossil fuels It's hard to communicate the scale of China's clean technology rollout but it helps to look back to recent history to appreciate the transformation. China became the world's factory at the end of the 20th century, manufacturing cheap, low-quality products. This industrialisation modernised the country but also caused widespread environmental damage and drastic air pollution. The factories were powered by fossil fuels, causing China's emissions to skyrocket and it to become the largest polluter in the world. China overtook the United States for top place in 2006, but the US is still responsible for the most emissions historically, at one-quarter of all emissions. Still, China's pivot to renewables wasn't just about addressing these rising emissions. With polluted waterways and acrid city smog long ago becoming their own crises, China had to act. Part of that response, starting a decade ago, was a plan called Made in China 2025, which outlined how it would reshape its manufacturing capability to focus on high-tech products, including the ones needed to address climate change. The authoritarian regime put the heft of the state behind clean technologies at a scale and pace difficult to imagine in most democracies. A worker inspects solar panels at a solar farm in Dunhuang, 950km north-west of Lanzhou, in China's Gansu Province. ( Reuters: Carlos Barria ) It began to invest in all components for renewables, especially wind, solar, electric cars, and batteries that are used for both transport and energy storage. To do this, it used significant government-funded subsidies, said Ember's Muyi Yang. "We all understand that young sectors and technologies need some protection for them to grow. It's like helping a baby to learn how to work, initially, you need to support them. "But I think the logic behind China's policy support is always clear — this support is not meant to be pumped up indefinitely." When China rose to industrial dominance in the 1990s, it realised that it could maximise output by developing hubs where all parts of a supply chain for a product are built in the same region. The same approach was applied to renewables, meaning battery factories were established near car plants, as an example. "It's not about subsidies. It's about sound planning, sustained commitment, and targeted support," Yang said. As the Made In China plan unfolded, more and more power was needed to fuel these energy-hungry factories and the lifestyles of the burgeoning middle class. To keep up, China built new coal-fired power stations, even as it was installing more wind and solar. This "dissonance" between China's booming renewables and coal has meant China is painted both as a climate hero and a villain. It's also meant that emissions kept rising. More than 60,000 solar photovoltaic panels cover a mountain in Jinhua, in China's Zhejiang province. ( AFP: Yuan Xinyu ) Renewables boom A decade after the Made in China plan began, the country's clean energy transformation is staggering. "It's a really interesting policy because it's a 10-year plan to become a world-leading clean tech manufacturer, which they've outright achieved," said Caroline Wang, the China engagement lead at the thinktank Climate Energy Finance. "They've made themselves indispensable in the new kind of global economy." China is home to half of the world's solar, half of the world's wind power, and half of the world's electric cars. "In the month of April alone, 45.2GW of solar was added, more than Australia's total cumulative solar power capacity," Caroline Wang said. "China's renewable capacity has exponentially increased and that has also contributed to the drop in coal, in coal use and emissions. There is now a structural kind of decline of coal." That's already having an impact on emissions. Recent analysis from Carbon Brief found the country's emissions dropped in the first quarter of 2025 by 1.6 per cent. China produces 30 per cent of the world's emissions, making this a critical milestone for climate action. With its unmatched economies of scale, this dramatic acceleration has also brought down the cost of electrification across the world and made China the world leader in clean technologies. Chinese-made electric cars are becoming more dominant on Australian roads — something that's already happened for the solar panels and batteries installed across Australian homes. "China has successfully helped the rest of the world lower the bar for them to embark on the transition. This makes it easier for many other countries to jump on board," Ember's Muyi Yang said. "The transition has to be affordable, otherwise it will be extremely difficult for many developing countries." China's clean energy exports in 2024 alone have already shaved 1 per cent off global emissions outside of China, according to Carbon Brief, and will continue to do so for next 30 years. Caroline Wang points out that this green era has also brought major economic benefits. "It drove 10 per cent of their GDP last year, just the one industry, clean energy. It's overtaken real estate, and that says a lot because real estate was the driving force of their economy until a few years ago. But now it's been overtaken by clean energy," she said. Photovoltaic modules for solar panels in a factory in Suqian, east China's Jiangsu province. ( AFP ) A wind power equipment manufacturing company in Binzhou, in China's Shandong Province. ( AFP/Costfoto/NurPhoto ) The Shichengzi photovoltaic power station in Hami City, north-west China's Xinjiang Uyghur region. ( AFP/Xinhua/Hu Huhu ) Energy security as an electrostate China's renewables expansion is also striking because it could not be more different to the direction of another world superpower, the United States, under the leadership of President Donald Trump. Casting aside the climate damage it will wreak, the US is in a position to return to its "drill, baby, drill" roots because the country produces more than enough fossil fuels to cover its own needs. That's not the case for China. One of the key reasons it has pivoted to electrification is to get away from its dependence on imported fossil fuels. A giant oil and gas field in Saudi Arabia's Rub' Al-Khali (Empty Quarter) desert, operated by Aramco. ( Reuters: Hamad I Mohammed ) "I think there's some deep strategic thinking … it's not only about the environmental obligation or international commitment, and it can also not be fully explained by economic benefit in terms of jobs and investment," Yang said. "Energy is a basic input for economic activities. Energy security is critical because it's critical for supporting a functioning economy." "China sees the old, the conventional fossil fuel growth model as not sustainable. And it is becoming increasingly unable to sustain long-term prosperity." When the world's economies became hooked on fossil fuels, they became dependent on the countries that could supply them, and the price of fossil fuels increasingly dictated global markets. "This dates back to issues in the 1970s with the [oil] crisis," said Jorrit Gosens, a fellow at the Center for Climate and Energy Policy at the Crawford School of Public Policy at the ANU. "That's really when people start to think about energy security, especially when we talk about China. "China typically is described as very rich in coal, but very poor in natural gas and oil." BYD electric cars for export are waiting to be loaded onto a ship at a port in Yantai, in eastern China's Shandong province. ( STR/AFP ) New electric vehicles disembark from a BYD vessel. ( Reuters: Anderson Cohelo ) Electrification is changing that, and China — the world's biggest oil importer — is already weaning itself off with electric cars. "If you go to Beijing today, you can honestly stand at intersections with four lanes going every way and it'll be quiet as a mouse. The noisiest thing coming past will be a creaky bicycle," Dr Gosens remarked. Last year, crude oil imports to China fell for the first time in two decades, with the exception of the recent pandemic. China is now expected to hit peak oil in 2027, according to the International Energy Agency. This is already having an impact on projections for global oil production, as China drove two-thirds of the growth in oil demand in the decade to 2023. A new energy base in China's Tengger Desert. ( AFP: NurPhoto ) The end of the petrostate? The 20th century has been dominated by countries rich in fossil fuels, and many of the world's conflicts fought over access, power and exploitation of them. Done right, electrification could change that too, as most countries will be producing their own electricity. "Even if you have pretty poor quality natural resources, you can still squeeze quite a bit of electricity out of a solar panel. It's really changing the geopolitics," ANU's Dr Gosens said. "Renewable energy is the most secure form of energy that there is because you just eliminate the need for import. "But also the cost of it, right? It's a stable cost. You lock it in as soon as you build it. You know what the price of your electricity is going to be. You get insulated from both those risks if you have more renewable energy." For Australia, one of the world's largest exporters of coal and gas, there is plenty to take from this, with China's furious electrification paving the way for the rest of the world to follow. "Even if we have these climate wars here still … we can bicker about how quickly we should transition away from fossil fuels domestically [but] the rest of the world is ultimately going to decide how much they'll be buying of our coal, gas and iron ore," Dr Gosens said. "I think that's the biggest risk that we fail to prepare for something and that these changes will be much quicker than we currently anticipate." For Climate Energy Finance's Caroline Wang, it's in Australia's interest to be clear-eyed about what's happening in China. "I think a gap in Australia and other Western countries is knowledge and understanding. China is a complex country … it's got good and bad. For the energy transition space, which is full of complexity, there's a real need, for our strategic national interests, for Australia to understand what is happening in China." Finding hope in national self-interest and security might seem strange, but for Wang, China's transformation makes her more optimistic about the climate crisis. "This is the world's largest emitter, the largest population. If they've managed to do it in quite a short time — a decade — it's a kind of achievement that we haven't seen any other country achieve. And so it's very inspiring. Seeing that on the ground gave me hope for other countries, including Australia … there are lessons there to be learned." Wind turbines at a wind farm in Suichuan County, in China's central Jiangxi province. ( STR/AFP ) Read the story in Chinese: 阅读中文版 Reporting: Jo Lauder Design and graphics: Alex Lim Header photo illustration (clockwise from left): Getty: Kevin Frayer; STR/AFP; Reuters: Florence Lo
Yahoo
05-08-2025
- Business
- Yahoo
ReGen III Appoints Accomplished Executive as Chief Financial Officer to Drive Next Phase of Growth
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, is pleased to announce the appointment of Brad Kotush as Chief Financial Officer. Mr. Kotush brings over 17 years' experience as a public company CFO with proven success in capital markets, corporate scaling, mergers and acquisitions ("M&A"), and public reporting. Mr. Kotush was most recently EVP and CFO for Home Capital Group Inc. ("Home") from 2017 to 2024. As a key member of Home's leadership team, Mr. Kotush helped drive share price appreciation of approximately 3.4 times, a $600 million expansion in market capitalization, and the return of more than $1.5 billion to shareholders through dividends and share repurchases. In addition, he served as due diligence team lead during Home's $1.7 billion privatization, which closed in August 2023. From 2006 to 2017, Mr. Kotush served as Executive Vice President, Chief Financial Officer, and Chief Risk Officer of Canaccord Genuity Group Inc., where he played a pivotal role in executing more than $750 million in domestic and international acquisitions and expanding the company's presence from two to ten countries. He also oversaw the company's dual listing on the UK's AIM exchange and subsequent transition to the London Stock Exchange. Throughout his career, Mr. Kotush has managed public and internal financial reporting, budgeting, risk management, regulatory reporting, treasury, investor relations, legal affairs, technology strategy, and operations across multiple senior roles in Canada, UK, and other jurisdictions. Mr. Kotush is a Chartered Professional Accountant (CPA, CA) and holds the ICD.D designation from the Institute of Corporate Directors. Quote from CEO & President, Tony Weatherill "We are beyond thrilled to welcome Brad Kotush as our Chief Financial Officer," said Tony Weatherill, CEO & President of ReGen III. "Brad's deep institutional knowledge, broad global capital markets expertise, and proven track record of strategically scaling companies make him an ideal fit for ReGen III. Brad has successfully guided organizations through transformational growth, completing and integrating strategic acquisitions that unlocked long-term value. His leadership will be instrumental as we position ReGen III for our next leg of growth." Quote from CFO, Brad Kotush "I am excited to join ReGen III at such a pivotal point," said Brad Kotush, Chief Financial Officer. "The Company's commitment to sustainable innovation and its ambitious growth plans resonate with me and I look forward to leveraging my extensive experience in capital markets, mergers and acquisitions, and organizational scale up to help drive ReGen III's next phase of growth and deliver long-term value for our shareholders." Options The Company has granted Mr. Kotush 1 million stock options at an exercise price of $0.19 per option, valid for five years from the date of grant. The options will vest over a period of four (4) years and may be accelerated by attaining specific performance milestones set by the Board of Directors. Attachments Brad Kotush, CPA, CA, ICD.D, Chief Financial Officer, ReGen III Corp. To view an enhanced version of this graphic, please visit: Leadership Transition Effective August 5, 2025, Rick Low has stepped down as Chief Financial Officer. To ensure a smooth transition, Rick will remain available in an advisory capacity for up to six months to support the handover of responsibilities. The Company wishes to thank Mr. Low for his steadfast leadership and many contributions throughout his tenure. In addition, Mark Redcliffe will be stepping away as EVP and Chief Strategy Officer. Mr. Redcliffe will continue to support ReGen III in a consulting capacity. Throughout his tenure with ReGen III, Mark has been pivotal in advancing ReGen III's mission, driving patent development, fostering offtake and feedstock agreements, and leading financing efforts. "Mark's strategic leadership has positioned us for success in sustainable base oil production," said Tony Weatherill. "We extend our heartfelt thanks to Mark for his extensive contributions, unwavering commitment, and ongoing guidance as a consultant." About ReGen III ReGen III Corp. is driving a new era in high-performance, sustainable lubricants. Harnessing its patented ReGen™ technology, the Company is commercializing an advanced process to transform used motor oil ("UMO") into premium Group II and III base oils. These high-quality base oils are essential to high-performance engines, turbines, and industrial applications — and ReGen III's process is designed to deliver up to 82% lower CO₂e emissions than virgin crude-derived oils combusted at end of life. By turning waste into high-value products, ReGen III is driving the shift toward circular, domestically-produced base oils that meet the growing global demand for sustainable Group III solutions. With FEL2 and value engineering complete for its proposed 5,600 bpd flagship facility in Texas City, Texas — and backed by world-class engineering, construction, and vendor partners — the Company is strategically positioned to meet rising demand for higher-quality, circular base oils. In addition to Texas City, the Company is evaluating opportunities to deploy its patented technology across other strategic markets. With the vision of becoming the world's largest producer of sustainable, re-refined Group III base oils, ReGen III aims to set a new standard for performance and responsibility in the global lubricants market. For more information on ReGen III or to subscribe to the Company's mailing list, please visit: and For further information, please contact: Investor & Media inquiries: Email: investors@ Corporate Inquiries: Kimberly Hedlin Vice President, Corporate Finance Tel: (403) 921-9012 Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at under the Company's profile and on the Company's website, The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Exro Provides Update on Facility Milestones
CALGARY, AB , July 16, 2025 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (" Exro" or the " Company"), a leading clean technology company specializing in power control solutions for electric vehicles and energy storage, provides a further update on the satisfaction of the near-term strategic milestones established in connection with the company's US$30 million credit facility announced on May 16, 2025 (the " Facility"). Postponement of Debenture Security As the Company announced in its May 16, 2025 news release, advances under the Facility require Exro to meet various milestones, one of which was either (1) the postponement of security from a requisite majority of the Company's $15 million of debentures issued pursuant to an indenture dated December 30, 2022 (the " Convertible Debentures"), or (2) the redemption of the Convertible Debentures for Exro shares. The December 30, 2022 indenture governing the Convertible Debentures (the " Indenture") has been amended to provide that the lender under the Facility has a first priority security interest on substantially all of the assets of the Company, and the Convertible Debentures now have a second priority security position, ranking pari passu with previously issued secured notes of the Company in the aggregate amount of US $70,832,830 . In addition, the Indenture was amended to include a 120 day standstill period in respect of the enforcement of certain rights by the holders of the Convertible Debentures on the occurrence of an event of default under the Indenture. The amendments to the Indenture were approved by an extraordinary resolution of over 66 2/3% of the principal outstanding amount of the Convertible Debentures and are contained in an Amended and Restated Indenture dated July 11, 2025 , a copy of which has been filed under the Company's profile at Exro thanks the Convertible Debenture holders who supported the Company in this initiative. Strategic Review The strategic review process described in the Company's May 16, 2025 press release remains active and is progressing positively. The Company has received an extension of the Facility milestone of demonstrating active engagement with three credible strategic partners from July 15 to July 31, 2025 . ABOUT EXRO TECHNOLOGIES INC. Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new-generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. For more information visit our website at To view our Corporate Presentation visit us at Visit us on social media @exrotech. CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified using terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company's annual information form for the financial year ended December 31, 2024 , and financial statements and related MD&A for the financial year ended December 31, 2024 , filed with the securities regulatory authorities in certain provinces of Canada and available at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties, and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated, or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.
Yahoo
14-07-2025
- Business
- Yahoo
ReGen III Closes $1.75 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, is pleased to announce it has closed its non-brokered private placement (the "Placement") announced May 27, 2025, issuing an aggregate of 8,750,000 Units (the "Units") at a price of $0.20 per Unit for aggregate gross proceeds of $1,750,000. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant entitles the holder to purchase an additional Share (a "Warrant Share") at an exercise price of $0.45 per Warrant Share for a period of two (2) years from the date of issuance. All securities issued in the Placement are subject to a hold period expiring on November 12, 2025. In connection with the closing of the Placement, the Company paid aggregate finders' fees of $47,450 in cash. Net proceeds from the Offering are intended to be used for general corporate purposes and working capital. The Offering is subject to the final approval of the Exchange. Insiders of the Company purchased 3,380,000 Units, representing 38.63% of the Units issued, with the associated common shares representing approximately 2.51% of the issued common shares following the concurrent closing of the Placement and the Debt Settlement (see below) and, if the associated warrants are exercised, an aggregate number of common shares representing approximately 3.72% of the then-issued common shares following the closings and deemed exercise of the Placement Warrants held by Insiders. The participation by insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied upon the exemption from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a), (b) and (c), and sections 5.7(1)(a) and (b), respectively, of MI 61-101. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act), except pursuant to an exemption from the registration requirements of those laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction other than as specified herein including the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the 1933 Act). CEO & President Commentary "On behalf of the Board of Directors and the entire team at ReGen III, I would like to express my sincere gratitude to our shareholders — both new and existing — for their continued confidence and support. We are particularly encouraged by the strong participation from insiders, which reflects our team's deep conviction in ReGen III's proprietary technology, unique market opportunity, and long-term potential," stated Tony Weatherill, CEO & President. "We are committed to delivering results in 2025, and this investment positions us to advance our strategic priorities, including commercial arrangements, strategic partnerships, and other opportunities that will accelerate our market entry." Research Coverage ReGen III has engaged Couloir Capital Ltd. ("Couloir"), an arm's length research firm, to provide investor-focused equity research coverage. The Company will pay Couloir a one-time fee of $45,000 for three research reports. Couloir's research reports are disseminated through Bloomberg, FactSet, Capital IQ, LSEG, and other portals, as well as through their social media and email distribution lists. These research reports are intended for information purposes only. The Company has no influence over the content, conclusions, or timing of any reports prepared by Couloir. All reports will include required disclosures under applicable securities regulations. For more information on Couloir please visit: Debt Settlement Update Further to the Company's press release dated July 2, 2025, the Company is pleased to announce that the TSX Venture Exchange has accepted the Company's application to settle certain debts through the issuance of 221,972 common shares of the Company ("Settlement Shares") at a deemed price of $0.2034 per Settlement Share (the "Debt Settlement"). The Settlement Shares were issued on July 11, 2025, and are subject to a four-month hold period until November 12, 2025. See ReGen III's news release dated July 2, 2025, with respect to additional details and related party transaction information. About ReGen III ReGen III is a cleantech company commercializing its patented ReGen™ technology to upcycle UMO into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by 82% as compared to virgin crude derived base oils combusted at end of life. ReGen III has completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems and Duke Technologies. Operating in an underserved segment of the base oils market, ReGen III aims to become the world's largest producer of sustainable re-refined Group III base oil. For more information on ReGen III or to subscribe to the Company's mailing list, please visit: and For further information, please contact: Investor & Media inquiries:Email: investors@ Corporate Inquiries:Kimberly HedlinVice President, Corporate FinanceTel: (403) 921-9012Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at under the Company's profile and on the Company's website, The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Not for distribution to United States newswire services or for dissemination in the United States To view the source version of this press release, please visit
